Without trying to sound like a weather reporter, I think it's fair to say that we can expect lengthy spells of high volatility over the next 6 months.
During this time we will be prompted by occasional periods of settled activity as we consolidate to reaffirm new support and resistance levels.
There is genuine optimism that 2009 will provide plenty of opportunity for short to medium term trading strategies. A disciplined and systematic approach will ultimately pay dividends in these testing market conditions, which let's face it, could be with us for some time.
Be mindful not to over commit and look for broad diversification with your investments. So far we have started the year with our usual pre-season rally, it will be interesting to see if the bulls can maintain any momentum.........
